Amphenol Corp. has acquired Positronic, a Springfield, Mo.-based manufacturer of electronic connector products.
David Kean, Positronic’s general manager, said in an announcement this week that Positronic is a “strong fit with Amphenol.”
“As part of Amphenol, Positronic will continue to provide the connector products and services our customers demand,” Kean said.
Terms of the deal were not disclosed.
Amphenol, which has its headquarters in Wallingford, has locations around the globe. It manufactures products such as electronic and fiber optic connectors and high-speed specialty cable. Its products are used in various industries, such as aerospace, military, automotive and broadband communications.
According to Kean, Positronic’s products will complement Amphenol’s, and the acquisition will allow its customers to take advantage of a broad military and aerospace connector portfolio.
Positronic, founded in 1966, has locations in the United States, France, Singapore, Indonesia, India and China.
Amphenol President and CEO R. Adam Norwitt said in a separate announcement that the company “remains focused on expanding its growth opportunities,” which includes market and geographic diversification and an ongoing acquisition program.
In addition to Positronic, Amphenol recently announced its plans to acquire sensor technology company MTS Test Systems, and the acquisition of Poland-based El-Cab.
Norwitt reported that Positronic has annual sales of approximately $80 million, while El-Cab, which manufactures cable assemblies and related products, has annual sales of $55 million.
“All of the acquisitions we have completed or signed in the last year strengthen the company’s global capabilities and enhance our product offerings, while adding talented management teams to the Amphenol family,” Norwitt said.
For 2020, Amphenol reported sales of $8.6 billion, up 5% compared to the previous year. Its stock was trading at $129.18 as of Friday at noon.
Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.
